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New research paper published on impact of Brexit on British business

Former UK shadow Chancellor and now Harvard research fellow Ed Balls has published a research paper (co-written with fellow researcher Peter Sands) on the latest thinking of senior trade negotiation officials in the US and UK. You can read the full paper here.

In their paper they argue that “US ‘asks’ are likely to include the relaxation of regulations on labelling, food safety and use of Genetically Modified Organisms.

They also comment, “For the US, removing or sharply reducing tariffs on agricultural products will be a key objective. However, while consumers would certainly see lower prices, opening the UK market to much cheaper US food, produced under what are perceived to be lower health and environmental standards, could destroy large parts of British farming and face intense consumer resistance.”

Brexit: We stand at a cross-roads. When the UK leaves the European Union, will our leaders uphold good standards for our food, farming, fishing and trade deals? And will they agree a sensible deal with the EU? We need to make sure that they do!

Sustain advocates food and agriculture policies and practices that enhance the health and welfare of people and animals, improve the working and living environment, promote equity and enrich society and culture.

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